Reuters confirms that Investcorp could complete Milan‘s takeover by the end of the week for more than €1.1 billion.
Elliott is in exclusive talks with the Bahrain-based fund and Reuters confirms that the two parties could reach an agreement by Friday. The press agency confirms what Il Sole 24 Ore reported yesterday, quoting a source familiar with the matter. Il Corriere della Sera, Gazzetta and Calciomercato.com confirm that an agreement can be reached by the end of the week.
‘One of the sources who spoke on condition of anonymity said parties could sign off on the deal on Friday in what would be the first takeover of a top Italian soccer team by Middle East investors,’ the report claims.
Representatives of Elliott and Investcorp declined to comment.
Reuters believes that Milan’s takeover will be completed for a fee slightly higher than €1.1 billion as Investcorp could acquire a majority stake in the Serie A club for €1.18 billion.
The report highlights how Serie A clubs have attracted investments from overseas investors, given that the valuations of Italian clubs are cheaper compared with those of Premier League sides.
Last week, La Gazzetta dello Sport reported that Investcorp would be ready to invest circa €300m in summer signings. The pink paper also suggests that the Bahraini investment fund could postpone the deal’s announcement to the end of the season to avoid interfering with Stefano Pioli’s job.
Soccer Investcorp, Elliott could clinch AC Milan deal this week, sources say https://t.co/nHKEsCDXQe pic.twitter.com/hmNaHxa1fh
— Reuters (@Reuters) April 26, 2022
Make it happen. As much as I hate to admit Inter and Juventus have more pulling power but all that will change and we will rightfully take our place where we belong. I just hope that this goes better then Li Yonghong.
Heck YEAH, make it happen! and SOOOON! Go Milan!
11 years of selling the jewels, dodgy directors, Fair-play kicking the club out of European competition…
It’s been a tough time Milan fans, but the club is about to regain its seat at the top table.
Next years CL should be slightly less embarrasing if the they do this properly.
Buy Lucas Hernandez
The report highlights how Serie A clubs have attracted investments from overseas investors, given that the valuations of Italian clubs are cheaper compared with those of Premier League sides.
(You will have to explain in detail what you mean here)
Apart from the premiership clubs who are already bankrolled by multi millionaire (Top 5-6)
Which other EPL club is worth 1B. ?
Newcastle is one of the traditional club in England, infact, Newcastle are England’s ninth most successful club of all time. And it is just been bought over for £300M ($408m). Spur will only get to Billion because of their new stadium.
So, not that all EPL clubs worth 1B, they are not.
@ vogel
” Fair-play kicking the club out of European competition”
To be clear they left it based on own decision. It was not mandatory
@ Vik
They put the club in an impossible position while turning a blind eye to the likes of PSG and Man City. There was not much of a choice. The decision was to either get a clean slate or be under it’s pressure for years to come.